Cost of Living Comparison Between New Providence and Medellin Cost of Living Comparison Between New Providence and Medellin

Monthly Cost of Living

A single person spends $2,145 per month in New Providence vs $1,716 in Medellin, rent included.

A couple spends around $5,335 per month in New Providence vs $2,527 in Medellin, rent included.

A family of three spends $8,526 per month in New Providence vs $3,338 in Medellin, rent included.

New Providence costs about 25% more than Medellin, driven mainly by Eating Out.

Both New Providence and Medellin sit above the global median – New Providence by 56%, Medellin by 25%.

Meal at Budget Restaurant

$74.9 BSD 74.9

$8.03 COP 25.3K

833.25%

Three-Course Dinner for Two, Mid-Range

$151 BSD 151

$48.26 COP 152.0K

213.49%

Fast Food Meal (McDonalds, etc)

$9.77 COP 30.8K

Cappuccino

$5.34 BSD 5.34

$2.91 COP 9,167

83.51%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.94 COP 6,122

Water (0.33 liter bottle)

$1.52 COP 4,792

Local Beer (0.5 liter draught)

$3.09 COP 9,740

Imported Beer (0.33 liter bottle)

$5.74 COP 18.1K

Milk (1 liter)

$2.14 BSD 2.14

$1.36 COP 4,296

57.35%

White Bread (500g)

$5.15 BSD 5.15

$2.39 COP 7,519

115.48%

Rice (white) (1kg)

$4.85 BSD 4.85

$1.70 COP 5,356

185.29%

Eggs

$10.05 BSD 10.05

$2.87 COP 9,038

250.17%

Local Cheese (1kg)

$20.16 BSD 20.16

$9.94 COP 31.3K

102.82%

Chicken Fillets (1kg)

$9.89 BSD 9.89

$10.78 COP 34.0K

-8.26%

Beef Round Steak (1kg)

$20.23 BSD 20.23

$14.73 COP 46.4K

37.34%

Apples (1kg)

$4.28 BSD 4.28

$4.09 COP 12.9K

4.65%

Banana (1kg)

$6.02 BSD 6.02

$1.57 COP 4,950

283.44%

Oranges (1kg)

$7.01 BSD 7.01

$2.13 COP 6,695

229.11%

Tomato (1kg)

$3.96 BSD 3.96

$2.21 COP 6,972

79.19%

Potato (1kg)

$3.99 BSD 3.99

$2.05 COP 6,447

94.63%

Onion (1kg)

$2.95 BSD 2.95

$1.50 COP 4,737

96.67%

Lettuce (1 head)

$2.92 BSD 2.92

$1.19 COP 3,747

145.38%

Water (1.5 liter bottle)

$3.07 BSD 3.07

$1.16 COP 3,647

164.66%

Cigarettes 20 Pack (Marlboro, Camel)

$15.24 BSD 15.24

$3.90 COP 12.3K

290.77%

Wine (Bottle)

$25.33 BSD 25.33

$14.44 COP 45.5K

75.42%

Local Beer (0.5 liter bottle)

$3.72 BSD 3.72

$1.58 COP 4,987

135.44%

Imported Beer (0.33 liter bottle)

$4.07 BSD 4.07

$2.83 COP 8,905

43.82%

One-way Ticket (Public Transport)

$1.17 COP 3,679

Public Transport Monthly Pass (Regular Price)

$77.7 COP 244.8K

Taxi Start (Normal Tariff)

$1.28 COP 4,045

Taxi (Normal Tariff) (1km)

$2.09 COP 6,589

Taxi 1hour Waiting (Normal Tariff)

$8.62 COP 27.1K

Gasoline (1 liter)

$1.30 COP 4,088

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$27.7K COP 87.1M

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$35.5K COP 111.8M

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$176 COP 554.5K

SIM Card Monthly Plan (Calls and 10GB+ Data)

$40.73 BSD 40.73

$13.37 COP 42.1K

204.64%

Internet (50+ Mbps, Unlimited Data)

$99.3 BSD 99.3

$29.89 COP 94.1K

232.22%

Gym Membership (Monthly)

$76.3 BSD 76.3

$44.76 COP 141.0K

70.44%

Tennis Court (1 Hour on Weekend)

$17.06 COP 53.7K

Cinema Ticket

$15.17 BSD 15.17

$6.20 COP 19.5K

144.68%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$793 COP 2.5M

International Primary School, 1 Child (Yearly)

$9,019 COP 28.4M

Jeans (Levis 501 Or Similar)

$85.6 COP 269.6K

Summer Dress (H&M, Zara, etc)

$58.5 COP 184.1K

Sport Shoes (Adidas, Nike)

$136 COP 429.3K

Men's Leather Business Shoes

$103 COP 324.7K

1-bedroom Apartment, City Center (Monthly)

$1,487 BSD 1,487

$1,060 COP 3.3M

40.36%

1-bedroom Apartment, Outside City Center (Monthly)

$703 BSD 703

$680 COP 2.1M

3.44%

3-bedroom Apartment, City Center (Monthly)

$2,012 COP 6.3M

3-bedroom Apartment, Outside City Center (Monthly)

$4,464 BSD 4,464

$1,169 COP 3.7M

282.04%

Buy Apartment in City Center (m2)

$4,111 COP 12.9M

Buy Apartment Outside City Center (m2)

$1,701 COP 5.4M

Average Monthly Net Salary (After Tax)

$665 COP 2.1M

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for New Providence: August 31, 2026

Last update for Medellin: August 30, 2026

Cost Breakdown

A central one-bedroom costs $1,487 in New Providence versus $1,060 in Medellin. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $151 in New Providence versus $48.00 in Medellin. Monthly groceries follow the same trend: $552 vs $303 – making Medellin the more affordable choice for daily food spending.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

New Providence vs Medellin: Cost of Living - Frequently Asked Questions

Yes – New Providence is pricier by about 25%, and the gap shows up most in Eating Out. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $3,217 per month in New Providence and $2,574 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Medellin, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 82% more in New Providence, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $151 in New Providence and $48.00 in Medellin. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,500 monthly budget goes further in Medellin, where all-in costs run around $1,716, than in New Providence at $2,145. In Medellin it covers expenses comfortably, while in New Providence it requires careful planning or may not stretch far enough.

Families tend to lean toward Medellin – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, New Providence makes more sense. Both are solid long-term options with distinct trade-offs.